Does Personal Investment Hurt Fundraising?
By Rochelle Jerry
Dear Ask a Nonprofit Expert,
I’m a founder of a small nonprofit who is still the executive director and board president after 10 years.
We recently moved into our own space, which increased our expenses by $6,000 to $7,000 a month—my decision, because the right space opened up and I had a recent personal windfall and told the board I could handle it.
Since then (it’s been about six months), we have yet to up our game on fundraising, grantmaking, and program fees to fill the gap, so I am personally spending between $3,000 and $8,000 a month until we get our fundraising up to speed.
Does my personal investment hurt my grant and fundraising chances? Will funders consider that a sign of weakness?
Sincerely,
Personal Investor